Our Privacy Policy

Overview

Our company shall respect the privacy of every individual who visits our web site, conducts a transaction or sends us an email. Our Privacy Policy shall delineate the information we will collect and how we will use that information. This Policy will also instruct you, the customer, on what to do if you do not want your personal information collected or shared when you visit our site or send us an email. We will not collect personally identifiable information about you unless you provide it to us voluntarily. The Bank does not capture user identifying information as well as cookies through our website. We believe in a policy that permits you, the customer, to determine how we use your information. It is our philosophy that any good relationship must be built on a foundation of trust.

Download the full Privacy Disclosure

What does Mechanics Cooperative Bank Do With Your Personal Information?

Why Does Information Get Collected?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What Information Gets Collected?

The types of personal information we collect and share depend on the product or service you have with us. This information can include:

Social Security number and transaction history
Account balances and payment history
Credit history and credit scores

When you are no longer our customer, we continue to share your information as described in this notice.

All financial companies need to share customer’s personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer’s personal information; the reasons Mechanics Cooperative Bank chooses to share; and whether you can limit this sharing

Reasons we can share your personal information	Does Mechanics Cooperative Bank Share?	Can you limit this sharing?
For our everyday business purposes— such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus	Yes	No
For our marketing purposes— to offer our products and services to you	Yes	No
For joint marketing with other financial companies	No	We don’t share
For our affiliates’ everyday business purposes— information about your transactions and experiences	No	We don’t share
For our affiliates’ everyday business purposes— information about your creditworthiness	No	We don’t share
For our affiliates to market to you	No	We don’t share
For nonaffiliates to market to you	No	We don’t share

How does Mechanics Cooperative Bank protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings

How does Mechanics Cooperative Bank collect my personal information?

We collect your personal information, for example, when you:

Open an account
Make deposits or withdrawals from your account
Pay your bills
Apply for a loan
Use your debit card

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only

Sharing for affiliates’’ everyday business purposes— information about your creditworthiness.
Affiliates from using your information to market to you
Sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. “See below for more on your rights under state law”

Definitions

Affiliates: Companies related by common ownership or control. They can be financial and non-financial companies (Mechanics Cooperative Bank has no affiliates)

Non-affiliates: Companies not related by common ownership or control. They can be financial and nonfinancial companies. (Mechanics Cooperative Bank does not share with nonaffiliates so they can market to you.)

Joint marketing: A formal agreement between non-affiliated financial companies that together market financial products or services to you. (Mechanics Cooperative Bank doesn’t jointly market.)

Privacy & Tracking Notice

Mechanics Cooperative Bank uses cookies, Meta Pixels, Google Analytics 4 (GA4), and other website tracking technologies to enhance your browsing experience, analyze site traffic, and deliver targeted advertisements. By continuing to use our website, you consent to the use of these tracking technologies as described in our Privacy Policy Statement. You can manage your cookie preferences at any time through your browser settings.

Other Important Information

Mechanics Cooperative Bank’s operating practices and policies are compliant with the Massachusetts Regulation 201 CMR 17:00: Standards for the Protection of Personal Information of Residents of the Commonwealth of Massachusetts. Mechanics Cooperative Bank meets or exceeds the regulatory standards of Massachusetts Regulation 201 CMR 17:00 in connection with the safeguarding of personal information contained in both paper and electronic records. Mechanics Cooperative Bank has implemented, maintained and monitors a comprehensive written information security program applicable to any records containing personal information.